Constellium SE (NYSE:CSTM) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in Constellium SE (NYSE:CSTM) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,519 shares of the industrial products company’s stock after selling 11,501 shares during the period. The Manufacturers Life Insurance Company owned 0.11% of Constellium worth $2,876,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cohen & Steers Inc. raised its holdings in shares of Constellium by 26.2% in the 4th quarter. Cohen & Steers Inc. now owns 123,568 shares of the industrial products company’s stock worth $2,466,000 after purchasing an additional 25,659 shares during the period. Prelude Capital Management LLC raised its holdings in shares of Constellium by 37.6% during the 4th quarter. Prelude Capital Management LLC now owns 367,361 shares of the industrial products company’s stock valued at $7,333,000 after buying an additional 100,304 shares during the period. Wellington Management Group LLP raised its holdings in shares of Constellium by 8.5% during the 4th quarter. Wellington Management Group LLP now owns 219,641 shares of the industrial products company’s stock valued at $4,384,000 after buying an additional 17,171 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Constellium during the 1st quarter valued at about $272,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Constellium by 19.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock valued at $68,598,000 after buying an additional 504,421 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price objective on Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Finally, BMO Capital Markets dropped their price objective on Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $24.60.

Constellium Price Performance

Shares of CSTM opened at $14.49 on Wednesday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 16.10 and a beta of 1.59. The stock has a 50 day moving average of $16.17 and a 200-day moving average of $18.83. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. Constellium SE has a 52 week low of $14.12 and a 52 week high of $23.20.

Constellium (NYSE:CSTM) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business’s revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. As a group, analysts forecast that Constellium SE will post 1.6 EPS for the current year.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.